How the reduction in the principle amount is taking place in my home loan account ?

POSTED BY amolbmi ON January 7, 2014 10:18 pm ONE COMMENT

Hi All

Need to know what is happening in my homeloan account. Below are the details from my loan account,

Book Balance-25,99,910.00

Available Balance12,867.00

Limit26,12,777.00

Uncleared balance0.00

Drawing Power26,12,777.00

CurrencyINR

Rate of Interest (% p.a.)10.25%

Lien Amount0.00

I am paying EMI of Rs.25000.  i have paid till date 8 EMIs but not able to understand is my principal amount is reducing or not.

please help me.

Amol

One reply on this article “How the reduction in the principle amount is taking place in my home loan account ?”

  1. ashalanshu says:

    Dear amol, to get the reduction in home loan amount, please check your drawing power.

    Thanks

    Ashal

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